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Chapter

10. Chapter. The International Monetary system. Large and inefficient state sector heavy subsidies Government debt risen to 60% of gross domestic product Rampant inflation IMF focus Reduce inflation Stabilize value o f currency Privatization Reduction of subsidies Government reforms

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The International Monetary System

The International Monetary System. Chapter Eleven. The international monetary system refers to the institutional arrangements that govern exchange rates. Floating exchange rates occur when the foreign exchange market determines the relative value of a currency

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Trade usa japan gold - PowerPoint PPT Presentation

Chapter

The International Monetary System